22 September 2016

IHT and the pension transfer window

Generally speaking, trustees and scheme administrators have discretion over the distribution of death benefits from a pension scheme. This is important as it means the benefits can usually be paid free of any inheritance tax. However, the reform to the taxation of death benefits and the record £4.6bn IHT revenue HM Revenue & Customs took […]

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What a rugby ball can teach us about top advice firms

The pace of change has increased over the past few years, prompted particularly by the RDR and rising competition. Owners have been forced to scrutinise their businesses and, in some cases, re-organise and change how they work in order to make a profit and meet regulatory requirements. Is there an optimum size of business that […]

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Pete Matthew: Old ways of marketing are on the way out

Those who know me know I have a modestly successful website, YouTube channel and podcast called MeaningfulMoney. The site is intended to educate the public about financial planning matters and it seems to be succeeding, given the almost daily emails I receive from visitors. What I never intended was that MeaningfulMoney would become a vital […]

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How to solve the annuity rate dilemma

Those saving for retirement might reasonably ask what the financial fuss is about Brexit. The fall in the value of the pound following the surprise referendum result gave a helpful boost of 10 per cent or more to international assets such as global equities. After an initial wobble the UK equity market has bounced back […]

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Ian McKenna: The next wave of tech to hit the advice market

Finovate is well established as a must see event for anyone who wants to keep up with the latest developments in financial technology. Across four shows – Europe in February, West Coast US in May, New York in September and now in Asia in November – it presents valuable insight into the technology that will […]

Danby Bloch

Danby Bloch: Is your risk committee doing its job?

We have a board committee at Helm Godfrey that looks at the key risks facing the business. The core document is the risk register. One of the issues we have been considering lately is whether we are actually providing the ongoing reviews and other services to clients that we said we would. Advice firms need […]

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Mark Barnett: The UK stocks promising a post-Brexit bounce

The UK equity market has staged a remarkable recovery from its post-Brexit shocks. In aggregate, equity prices have risen strongly since the referendum, buoyed by the flight to perceived safety in defensive and international stocks, and by weakened sterling. Economic data released through the summer months has captivated a market looking for recessionary signals but, […]

Martin Tilley: Sipp consolidation is not over yet

The new capital adequacy requirements for Sipp operators finally became effective from the beginning of this month. When the FCA’s thematic review and capital adequacy regime was first announced, many commentators predicted a run of consolidation in the Sipp operator marketplace. Since then, a number of firms of all sizes have indeed changed hands. It […]

Who is powering the new age of robo-advisers?

The rise of the robots has been an ongoing discussion point in the financial services industry, but little mention is made of the companies behind the brands. Winterflood Business Services is one of those that powers the new age of robo-advisers, such as Moola, Wealthify, Scalable Capital, Moneybox and Netwealth. WBS head Alex Kerry says: […]

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Nick Bamford: The race to the bottom on advice costs

I am not convinced the subject of price is ever going to go away. The Financial Times ran a piece last month with the headline: How much do you really pay your money manager? Research apparently identified that an investor would pay, on average, some 2.56 per cent per year of the value of their […]